Algerian Qatari Steel Company, located in the industrial zone “Bellara” in the municipality of El Milia (Jijel Province), announced the export of about 700 thousand tons of iron products in the past year 2024.
In a statement by the company’s Deputy General Manager, Sofiane Chaib Seti, he explained that the Algerian Qatari Steel Company was able to reach many global markets thanks to the quality of its products, which allowed it to export about 700 thousand tons of iron and its derivatives to 36 countries.
He added that export revenues exceeded 360 million dollars, which reflects – as he said – “the company’s involvement in the general trend of public authorities to increase exports outside hydrocarbons” despite the company’s newness.
The same speaker stressed that “the company’s products reaching global markets and taking up a significant space of their own did not come out of nowhere, given the standards and conditions imposed by various countries to accept any product,” adding that “the company’s products obtaining international certificates of quality compliance allowed them to reach most European, American and Asian markets with ease, and also enabled them to win the title of “Best Algerian Exporter to Africa for the year 2024.”
The turnover of the Algerian Qatari Steel Company for the year 2024 amounted to about 139 billion dinars and the production volume amounted to about 2 million tons of iron products, 66% of which was directed to the local market and 34% to the international market, “which reflects the competitiveness of the Algerian product in the most prestigious international markets.”
Siti said that the planned goal in the near future is to reach an export volume estimated at 2.7 million tons out of a total of 4 million tons, which represents the total annual production volume of the company after the implementation of the second phase of the expansion project scheduled to enter service in 2028.
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